Home sales for Canyon Creek are in for May 2019. If you’re wondering if it is the right time to sell or buy a home…the answer is definitely yes! There is less than 1 months’ supply of inventory in Canyon Creek. The real estate spring market has been in full swing and is hot, hot! Buyers are waiting for new listings to hit the market and homes priced and staged right are receiving offers quickly and many homes are receiving multiple offers. It is a seller’s market!!
Active Listings in Canyon Creek
As of May 31, 2019 there are only 3 Active resale homes in Canyon Creek! You heard me right…. There are 1,330+ homes in the community so inventory is a tiny fraction of homes! They are priced from a low of $389,900 to a high of $484,950 with average cumulative days on market of 6 days.
Pending Sales in Canyon Creek
As of May 31 2019 there are 15 Under Contract homes. With 3 Active and 15 Under Contract homes now is the time to list your home! The average days on market for these Under Contract homes are 31 days! We need inventory for buyers looking….sellers are you listening?
Homes Sales in May 2019
As of May 31, 2019 in Canyon Creek, 13 homes closed, up 44% from May 2018. The 13 sold properties were 13% larger in size than homes sold in 2018. Buyers were attracted to well-appointed homes with quality upgrades and weren’t afraid to fight for them. 31% of the home homes sold featured swimming pools. The days on market in May were down 10% compared to 2018. How quickly the market can change and it definitely has..buyers….if you snooze you’ll lose!
A note to sellers in Canyon Creek:
Today’s buyers are savvy about current home values and available inventory but need a home. They are clamoring to secure a home as interest rates dipped. If you’re considering selling allow me to partner with you in determining the right price. Handling the demand, offers and dialog with appraisers requires a seasoned professional with systems and process in place.
As a Canyon Creek resident since 1994 I know the intricacies of our community and our hyper-local real estate market. Procuring the maximum dollar for your home is always my goal. You need a full service real estate agent with a long-standing history of producing results!
Canyon Creek Real Estate Summary:
Bottom line May 2019 Canyon Creek Homes sales:
- Number of homes sold increased by 44%
- List price up 11%
- Sold price increased by 15%
- List price per square foot down 4.3%
Sold price per square foot stayed relatively the same
Number of days on market decreased by 10%
- Average square footage increased by 13%
Please note: Larger homes closed in May 2019 than last year thus the average price went up but notice the price per square foot stayed the same. Some larger homes are selling close to the same price/square foot as the smaller ones..a change.
We are full into the spring market! Are you considering selling in the near future? Are you curious about your home’s value or how to prioritize updates/repairs before selling? Let’s have a no pressure conversation to discuss your home/situation. It makes a difference when the agent you hire lives in the neighborhood and keenly follows neighborhood trends and market dynamics.
Hiring the right Canyon Creek Realtor® is critical in your home selling success.
All data is derived from the Austin MLS System. If any Canyon Creek home traded hands without a REALTOR® involved, it won’t be reflected in this report.
This market report is for general information only and does NOT replace a comprehensive market analysis. Each home and its amenities influence the up or down price in the market dramatically; please consult with me to determine your specific value.